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MYLAN LABORATORIES INC
(MYL-NYSE):
Technical Viewpoint: From a low
of $28.77 on Oct 23, 2002 prices
rallied, reaching a
high of $34.80
on Nov 26, 2002. A
decline saw prices pull back, reaching a
low of
$32.35 on Dec 5, 2002.
Another rally saw prices penetrate
resistance, closing 12/31/02
at $34.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 6, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.63. Resistance: Is at $36.50.
Point & Figure: Reversed to the upside on Dec 20, 2002. A P&F upside
reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! MYLAN LABORATORIES INC
(MYL-NYSE) @ $35.13 Stop: Use a protective stop of $33.13.
MYLAN LABORATORIES INC is currently trading @ $34.90 plus $.50 on Dec 31, 2002. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $12.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $12.88
Risk/Reward Ratio:
6:1
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